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   Yogthos (yogthos@mas.to)'s status on Wednesday, 15-May-2024 05:55:06 JST Yogthos

   White House announces new anti-China tariffs:

   * Electric vehicles 25% -> 100%
   * EVs batteries 7.5% -> 25%
   * Solar cells 25% -> 50%
   * Steel & aluminum 7.5% -> 25%

   https://www.whitehouse.gov/briefing-room/statements-releases/2024/05/14/fact-sheet-president-biden-takes-action-to-protect-american-workers-and-businesses-from-chinas-unfair-trade-practices/

   • AnthonyJK-Admin repeated this.
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     KarunaX (karunax@aus.social)'s status on Wednesday, 15-May-2024 11:25:12 JST KarunaX

     in reply to

     @yogthos
     Poor old #genocideJoe struggles with simple economics. It is cruel to force a man with his obvious cognitive problems to keep performing on the public stage. Sure, he can read an autocue, but he often has little idea of the sense of the words or concepts.
     And I can't help a little bit of schadenfreude here - the #US, that bastion of #capitalism (that "best" and "most efficient" economic system?), resorts to protectionist tariffs because it can't compete with a #communist economy!!
     (Although TBH, China is actually a mixed economy - or as President Xi has said "a communist economy with Chinese characteristics").